Represented, that is. And an irksome question it is, too.
Case in point: Dear Hubby, also a licensed realtor, contacted a FSBO today. FSBO sign in the yard, from one of those online FSBO sites. 'See this house on...' - you know what I'm talking about. Clearly someone representing himself. So hubby calls the number on the sign, and the owner agrees to come out and show him the house. While he waits, hubby calls me, and that's when we find out that the house is also listed on the MLS. At which point, of course, hubby puts any ideas of soliciting the listing out of his head. I mean, the owner is represented by a realtor, right?
Now, here's the thing. This is a nice house. Listed at $350,000, which is a fairly high price for my neck of the woods. (A little overpriced, probably, but still.) Nicely renovated 1930s craftsman bungalow with some very nice features. On the MLS, there's one picture of the front, nothing of anything else. Hubby asked why no more pictures, since pictures will help sell the house, and the owner said that the agent charges $25 per picture in addition to the $700 sign-up fee he charged to put the house on the MLS. The agent is doing no advertising beyond the MLS. The owner is listed as the contact person for showings, with name and number in the realtor remarks.
So here's my question: At this point, is this a represented or an unrepresented seller? He has signed some kind of contract, obviously, but if he's still in charge of showings and receiving offers himself, is he represented or representing himself? He's absolutely convinced he's doing the right thing, by the way, and that he's saving $10,000 by signing with a flat-fee MLS-only agent, since all listing agents are lazy slobs and the buyer's agents are the real go-getters (I quote), so he wouldn't sign with a full-service agent anyway (it's a waste of money, you see), but boy, would I love a chance to explain to him that if the house doesn't sell, he'll be out $725, whereas, if he listed it with a full-service realtor and it didn't sell, we'd be out $725 or likely a lot more, and he wouldn't have spent a dime. And I wouldn't even charge him extra for taking pictures!